Ormat Signed Historic 25-Year Power Purchase Agreement With Dominica Electricity Services Ltd.
Retrieved on:
Wednesday, December 6, 2023
This agreement follows the Government of the Commonwealth of Dominica’s successful development of the geothermal reservoir in the Roseau Valley.
Key Points:
- This agreement follows the Government of the Commonwealth of Dominica’s successful development of the geothermal reservoir in the Roseau Valley.
- At the end of the agreement term, ownership of the power plant will be transferred to the Government of the Commonwealth of Dominica.
- Looking ahead, Ormat plans to expand its Bouillante power plant and, with the development in Dominica, will bring total generating capacity in the Caribbean to approximately 35 MW.
- Doron Blachar, CEO of Ormat Technologies, stated, “This landmark agreement demonstrates our commitment to pioneering sustainable energy solutions.